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MEDIA GENERAL REPORTS SECOND QUARTER RESULTS

 MEDIA GENERAL REPORTS SECOND QUARTER RESULTS
 RICHMOND, Va., July 8 /PRNewswire/ -- Media General (AMEX: MEG.A)


today reported second quarter net income of $6.4 million, or $0.24 per share, compared with second quarter 1991 net income of $5.1 million, or $0.20 per share.
 Second quarter 1992 revenues were $147.1 million compared with revenues of $150.1 million for the second quarter of 1991.
 Net income for the first six months was $9.1 million, or $0.35 per share, versus net income of $7.5 million, or $0.29 per share, for the first half of 1991.
 Revenues for the first six months of 1992 were $288.8 million, versus first half 1991 revenues of $295.7 million.
 Media General said 1992 second quarter and first half results include approximately $1.5 million ($0.9 million after-tax, or $0.03 per share), of nonoperating income resulting from the recognition of certain insurance proceeds relating to an October 1991 fire at the Company's Garden State Paper newsprint mill in Garfield, N.J.
 Media General said while revenues and operating profits at its newspaper and cable television units continued to exceed last year's levels, its broadcast television operations have yet to experience an upturn. Revenues and operating results for the newsprint segment remained sharply below those of last year, the result of continued oversupply and deep price discounting.
 Quarters Ended Six Months Ended
 June 28, June 30, June 28, June 30,
 1992 1991 1992 1991
 Revenues $147,093,000 $150,130,000 $288,760,000 $295,684,000
 Net Income $ 6,378,000 $ 5,127,000 $ 9,126,000 $ 7,514,000
 Earnings Per
 Common Share &
 Equivalent $ 0.24 $ 0.20 $ 0.35 $ 0.29
 Weighted Average
 Common Shares
 & Equivalents 26,052,000 25,982,000 26,053,000 25,981,000
 -0- 7/8/92
 /CONTACT: Robert W. Pendergast, Media General, 804-649-6657/
 (MEG.A) CO: Media General ST: Virginia IN: TLS PUB SU: ERN


JZ -- CH004 -- 7483 07/08/92 14:09 EDT
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Publication:PR Newswire
Date:Jul 8, 1992
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